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HomePosts Tagged "Bayer CropScience Ltd (BCSL)"
Agribusiness, Agro chems – Chemicals, Company News, Finance, India

 Company reported Profit Before Tax of Rs 336 million, compared to Rs 1,242 million in the corresponding period of FY 2023-24.

Bayer CropScience Limited announced its unaudited results for the quarter and nine months ended December 31, 2024.  In the third quarter (Q3) of Financial Year (FY) 2024-25, Bayer CropScience Limited (BCSL) earned Revenue from Operations of Rs 10,569 million, as compared to Rs 9,549 million in the corresponding period of FY 2023-24. Profit Before Tax stood at Rs 336 million, compared to Rs 1,242 million in the corresponding period of FY 2023-24.

For the nine months ended December 31, 2024, BCSL reported Revenue from Operations of Rs 44,257 million, compared to Rs 43,117 million for the corresponding period in FY 2023-24. Profit Before Tax for the nine months ended December 31, 2024, stood at Rs 5,395 million, compared to Rs 8,360 million for the corresponding period in FY 2023-24.

Commenting on the quarterly performance, Simon Wiebusch, Vice Chairman, Managing Director and Chief Executive Officer, BCSL said, “In Q3, BCSL saw a 11 per cent increase in Revenue from Operations, mainly driven by growth in our Corn business. We prioritised market share gains and launches of new hybrids. Improved reservoir levels compared to last year helped rice cultivation in the South, though growth and profit in our agrochemical business was tempered by reduced investments in the chilli crop. Overall, the current growing season shows good liquidation.”

Simon Britsch, Whole-time Director (Executive) and Chief Financial Officer, BCSL said, “Continuing cost efficiency measures were offset by targeted investments in promotional activities as well as provisions for doubtful receivables, attributable to a challenging agricultural economy.  We are actively engaged in recovery efforts.”

We take this opportunity to welcome Vinit Jindal as Whole-Time Director designated as Executive Director and Chief Financial Officer, effective March 01, 2025, as part of a planned leadership transition. We also extend our gratitude to Simon Britsch for his successful efforts and strong commitment to the sustainable growth of BCSL during his tenure.

 Company reported Profit Before Tax of Rs

Agro chems – Chemicals, Agro chems – Fertilizers, Agro chems – Pesticides, Company News, India, People

D Narain (D), the current President of Bayer South Asia; Vice Chairman, Managing Director & CEO of Bayer CropScience Limited (BCSL) and the Global Head of Smallholder Farming for Bayer, will retire by end of November 2023.

Bayer today announced, that after more than 25 years of service, D Narain (D), the current President of Bayer South Asia; Vice Chairman, Managing Director & CEO of Bayer CropScience Limited (BCSL) and the Global Head of Smallholder Farming for Bayer, will retire by end of November 2023. Simon-Thorsten Wiebusch (Simon) will take over as President, Bayer South Asia and as Vice Chairman, Managing Director & CEO of Bayer CropScience Ltd (BCSL) on November 1st, 2023. Simon will take on these new responsibilities, in addition to his current role as Country Division Head (CDH) of India, Bangladesh & Sri Lanka (IBSL) cluster in Crop Science.

Simon moved to India in December 2018 as Chief Operating Officer of IBSL cluster and in partnership with D established the cluster as a strong growth engine for smallholders before being appointed the Country Division Head (CDH) at the beginning of 2022. Simon started his career with Bayer in 1998 from the company’s headquarters in Germany. He built his professional experience by working in multiple divisions of the company across various geographies like Germany, Eastern Europe, and Asia. Before taking over his current role in India, he was the Chief Executive Officer for Bayer’s Crop Science Division in South-East Asia. Simon holds a bachelor’s degree in economics from the University of Applied Sciences in Essen, Germany, and an MBA from the University of Bradford. He has more than two decades of experience in the agriculture industry. He currently lives in Mumbai with his wife Tanja and their children and will continue to operate out of Bayer’s office in Thane, Maharashtra.

D Narain (D), with a career spanning nearly three and half decades in global agriculture, has passionately strived to bring innovative solutions for the upliftment of smallholder farmers globally and with the efforts over the last 5 years, has established the global smallholder business as integral to the long-term growth of the company with a commitment of delivering outcomes of improving smallholder incomes and livelihoods. Over his entire global career, D has also played a pioneering role in bringing financing and risk management models to farmers across the world. In his most recent role, D led the successful integration of Monsanto and has positioned Bayer South Asia as one of the fastest growing regions for the company, a major global talent hub, and expanded ‘Centres of Excellence’ to support multiple global teams. D also with his outstanding ability to lead external engagement and thought leadership to shape the industry, leaves behind a strong network of external relationships and partners for Bayer globally.

Over the coming months, D Narain will work with his successors in India and Germany to facilitate a seamless transition before he retires from Bayer. Even after retirement, D will continue to collaborate with Bayer to expand its partnerships and thought leadership engagements with stakeholders, aimed at improving smallholder incomes and sustainability.

D Narain (D), the current President of